The year 2016 is considered by experts as the start of Prague’s golden age of real estate. The most attractive areas to invest in in Prague are presently Prague 1, 2, 3, 5, 9, and – 13. In these locations, and particularly in Prague 1,2 and the Vinohrady neighborhood there is no projection of a future …
INCREASING NUMBERS OF CZECH INVESTORS ARE PURCHASING PREFABRICATED APARTMENTS The number of Czechs who choose to invest in prefabricated apartments in Prague as a second apartment for investment purposes is on the rise, the financial paper Hospodářské noviny reports. According to the paper, the price of prefabricated apartments, once favored by the communist regime, is roughly half that of …
INCREASING NUMBERS OF CZECH INVESTORS ARE PURCHASING PREFABRICATED APARTMENTS Read More…
When viewing property descriptions on Czech real estate websites you will probably encounter obscure terms. It is not customary to find the terms “2-room flat” and “studio flat” in the Czech Republic, rather the terms used are “2+1 flat” or “1+kk flat”. These numbers refer to the two parts of every house or flat. Let’s take the …
WHAT IS THE DIFFERENCE BETWEEN PRIVATE OWNERSHIP (OSOBNÍ VLASTNICTVÍ) AND COOPERATIVE OWNERSHIP (DRUŽSTEVNÍ VLASTNICTVÍ) OF A PROPERTY IN THE CZECH REPUBLIC? There are two main types of property in the Czech Republic, and on the various Czech real estate websites you will find these marked as OV- osobní vlastnictví or DV- družstevní vlastnictví. As a …
THE DIFFERENCE BETWEEN OSOBNI VLASTNICTVI AND DRUZSTEVNI VLASTNICTVI OWNERSHIP Read More…
THE CZECH REPUBLIC – A GROWING ECONOMY In recent decades, the Czech Republic has become of the best places to live in Europe. At the same time, it has also become an attractive location for investors. These two facts taken together signify that this great country is now permanently on the investment map. When the Czech Republic …
THIS IS HOW THE CZECH REPUBLIC BECAME A FAVOURITE OF THE INVESTORS Read More…
In 2010 approximately seven million tourists visited the Czech Republic, with the average tourist staying for four nights. THE KPMG RESEARCH According to research recently conducted by the accounting firm KPMG, in 2008 the Czech economy was infused with approximately 293 billion Czech korunas (approximately USD 15.5 billion). Of this, about 97.5 billion korunas went to …
Trade and economic relations have undergone extremely positive developments since establishment of Czech independence in January 1993. In recent years, trade volumes are constantly increasing, particularly of Czech exports to Israel. In 2014 Czech exports to Israel amounted to CZK 13.7 billion , 11% more than in 2013 (12.3 billion). In the Middle East region, …
IN CZECH REPUBLIC, BRAND NEW OR OLDER FLAT? Almost every flat purchaser must first decide if he is looking for a brand new or an older flat. To choose wisely he must consider all the advantages and disadvantages affecting such a purchase. The following are the most important considerations. ADVANTAGES OF AN OLDER FLAT Price …
The Israel Land Administration, or as it now called the Israel Land Authority, has possession of most of Israel’s lands. In fact, it controls over 92% of them. Other entities, for example the Jewish National Fund (JNF-KKL), municipalities, and public housing companies such as Amidar, also own lands in Israel, received from the state for …
Even though it is generally safe to do business in the Czech Republic, a certain level of prudence and common sense is needed, as it is anywhere in the world. Below, I mention three typical scams used by some tricksters. 1) Misappropriation of reservation deposit In the process of buying a property, it is sometimes …
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